Impax Asset Management Group plc Sells 78,743 Shares of Weyerhaeuser (NYSE:WY)

Impax Asset Management Group plc decreased its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 7.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 928,731 shares of the real estate investment trust's stock after selling 78,743 shares during the period. Impax Asset Management Group plc owned approximately 0.13% of Weyerhaeuser worth $31,447,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WY. Larson Financial Group LLC raised its stake in shares of Weyerhaeuser by 0.8% during the first quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust's stock valued at $1,544,000 after acquiring an additional 348 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 350 shares during the period. Institute for Wealth Management LLC. boosted its stake in shares of Weyerhaeuser by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust's stock valued at $475,000 after purchasing an additional 366 shares in the last quarter. CWM LLC raised its stake in Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust's stock worth $582,000 after buying an additional 368 shares in the last quarter. Finally, Trust Co. of Toledo NA OH lifted its holdings in Weyerhaeuser by 0.9% in the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust's stock worth $1,457,000 after buying an additional 402 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Albert Monaco bought 31,500 shares of the firm's stock in a transaction on Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Albert Monaco purchased 31,500 shares of the business's stock in a transaction on Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin O'rourke acquired 7,800 shares of the stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WY. Argus raised Weyerhaeuser to a "hold" rating in a research report on Friday, August 9th. Citigroup lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, July 30th. StockNews.com downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. BMO Capital Markets reissued a "market perform" rating and set a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada upped their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $36.33.

Weyerhaeuser Stock Up 0.5 %

Shares of NYSE:WY traded up $0.16 during trading on Tuesday, reaching $31.87. 2,438,016 shares of the stock traded hands, compared to its average volume of 3,641,150. The stock has a market cap of $23.16 billion, a P/E ratio of 43.07 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The stock has a 50-day moving average of $32.17 and a two-hundred day moving average of $30.78. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the company earned $0.33 EPS. The company's quarterly revenue was down 13.3% compared to the same quarter last year. As a group, sell-side analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.51%. The ex-dividend date was Friday, August 30th. Weyerhaeuser's dividend payout ratio is currently 108.11%.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.